Grown Rogue International (TSE:GRIN) has released an update.
Grown Rogue International Inc. has successfully exercised all of its issued common share purchase warrants, resulting in the issuance of over 23 million common shares and raising approximately $4.7 million. In addition, the company converted debentures and exercised options, further increasing its share count and raising additional funds. These financial moves support Grown Rogue’s expansion efforts, notably in New Jersey and Illinois, where new cultivation facilities are set to commence sales in the latter half of 2024 and 2025, respectively.
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